The Acct 201 Co. uses the periodic inventory method and had the following inventory information available: #of Units Unit Cost ($). Total Cost ($) 1/1 Beg. Inventory 100 3 300 1/20 Purchase 500 4 2,000 7/25 Purchase 100 5 500 10/20 Purchase 300 6 1,800 1.000 4,600 Sales for the year were 650 units for $7,000 in total. Required: 1. Base on the above information, calculate (round to the nearest cent): The cost of the ending inventory for the following methods: FIFO LIFO (b). Weighted Average (c) The cost of merchandise sold for the following methods: FIFO_(d) LIFO Lle) Weighted Average_ (f). The gross profit for the following methods: FIFO LIFO (h) Weighted Average (0) 2. Which method produces the highest ending inventory? Which method generates the lowest gross profit? Which method do you like best and why